Blitz Bureau
NEW DELHI: Global technology companies have announced 1,63,427 layoffs since the start of 2026, with AI cited as a factor in 91,215 of those job cuts, a new report has said.
The report from TradingPlatforms said enterprise software accounted for roughly 8.14 per cent of the total job cuts, making it the fifth most affected tech subsector after Cloud and SaaS (37,492 layoffs), e‑commerce and marketplaces (22,633), IT services (16,756) and social media (13,592).
Nearly 88.6 per cent enterprise software layoffs this year have occurred at US-based companies, with 11,792 of the 13,308 job cuts recorded globally.
Cisco recorded the largest number of layoffs among US-based enterprise companies, with 4,000 positions cut, followed by Amdocs with 2,900 and Autodesk with 1,000.
In Asia and the Middle East, workforce reductions are spread across key innovation centres, with Israel recording the highest number of layoffs, followed by India and Singapore. The cuts span a wide range of sectors, including AI startups, e-commerce platforms, and cybersecurity firms.
Israel ranks a distant second after the US, with 660 enterprise software layoffs across two companies.
On July 22, Israeli workplace software maker Monday.com announced plans to cut around 20 per cent of its global workforce, or roughly 620 employees, as it restructured around its AI Work Platform.
